The US-China trade war remains unresolved, affecting financial markets and cryptocurrencies. We analyze the current situation.
State of the Trade War
Negotiations between China and the US are ongoing, but progress has not been seen. Recent meetings between the countries' representatives have failed to reach an agreement. During a meeting with EU Trade Commissioner Maroš Šefčovič, US officials were unable to clarify deal details.
Markets Under Pressure
The disagreement between the US and China is causing unrest in stock markets, particularly in Europe and the US. JPMorgan Chase CEO Jamie Dimon remarked that the US should not abandon cooperation with China. Global supply chain issues could lead to inflation, exacerbating the situation with the dollar index, which continues to weaken.
Cryptocurrency and Market Future
Despite instability, the cryptocurrency market is gaining traction due to changes in institutional investments. Bitcoin continues to attract attention, with over $467 million withdrawn from crypto exchanges in the last 24 hours. However, trader opinions are mixed, and rapid price changes are not anticipated.
The trade war continues to impact global markets, and its outcome will determine not only economic stability but also the development of the cryptocurrency sector.
